While geopolitical issues and supply chain disruptions affected shipping companies last year, stable demand helped them remain afloat. Given the solid long-term prospects of the industry, Triton International Limited (TRTN) and Castor Maritime Inc. (CTRM) might be worth buying.
The global cargo shipping market is projected to reach $4.20 trillion by 2031, growing at a CAGR of 7%. This is mainly driven by an increase in international marine freight transport, a rise in demand for cargo transportation through ships, and a surge in trade-related agreements.
